OTC FINANCE LIMITED


Directors	COLE, John George
	COLE, Oliver Thomas


Registered Address	Unit 2 Old Hall Farm Barns Whitestitch Lane
	Meriden
	Solihull
	CV7 7JE


Registered Number	11760688 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		209,636		127,173
Investments	4		106,000		106,000
			315,636		233,173
Current assets
Debtors		60,429		-
Cash at bank and on hand		254,167		289,950
		314,596		289,950
Creditors amounts falling due within one year	5	(65,882)		(67,799)
Net current assets (liabilities)			248,714		222,151
Total assets less current liabilities			564,350		455,324
Creditors amounts falling due after one year	6		(141,159)		(91,186)
Net assets			423,191		364,138
Capital and reserves
Called up share capital			2		1
Profit and loss account			423,189		364,137
Shareholders' funds			423,191		364,138

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2025, and are signed on its behalf by:

COLE, Oliver Thomas
Director
Registered Company No. 11760688

OTC FINANCE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Land & buildings	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 24	35,000	108,497	45,655	189,152
Additions	-	97,523	19,490	117,013
At 31 December 24	35,000	206,020	65,145	306,165
Depreciation and impairment
At 01 January 24	-	42,036	19,943	61,979
Charge for year	-	23,424	11,126	34,550
At 31 December 24	-	65,460	31,069	96,529
Net book value
At 31 December 24	35,000	140,560	34,076	209,636
At 31 December 23	35,000	66,461	25,712	127,173

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 January 24	106,000	106,000
At 31 December 24	106,000	106,000
Net book value
At 31 December 24	106,000	106,000
At 31 December 23	106,000	106,000

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Taxation and social security	65,849	67,285
Other creditors	33	514
Total	65,882	67,799

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	15,000	25,000
Other creditors	126,159	66,186
Total	141,159	91,186

7.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	126,159		66,186